guarantor in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
A guarantor is a person or entity that agrees to be responsible for another's financial obligations, such as loan repayments or rent, if that person defaults.
Sample Sentences
- The bank required a guarantor to approve the loan application.
- As a guarantor, she took on the responsibility of ensuring the rent was paid.
- Many students need a guarantor to secure housing while attending university.
- He acted as a guarantor for his friend, believing in their ability to repay the debt.
- Without a reliable guarantor, the rental process became much more complicated.